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THE INDIAN COPPER CORPORATION (ACQUISITION OF UNDERTAKING) ACT, 1972

Title : THE INDIAN COPPER CORPORATION (ACQUISITION OF UNDERTAKING) ACT, 1972

Year : 1972

ACT NO. 58 OF 1972.

[21st September, 1972.]


An Act to provide for the acquisition of the undertaking of the Indian Copper Corporation Limited for the purpose of enabling the Central Government to conserve and exploit, in a scientific and rational manner, to the maximum advantage of the nation, the copper deposits in the Singhbhum belt in the State of Bihar, to utilise the copper deposits in such manner as to subserve the common good, in the context to the requirements of cooper in the country, and for matters connected therewith or incidental thereto.


CHAPTER I

PRELIMINARY




This Act may be called the Indian Copper Corporation (Acquisition of Undertaking) Act, 1972.


It is hereby declared that this Act is for giving effect to the policy of the State towards securing the principles specified in clause (b) of article 39.of the Constitution.

Explanation
.-In this section, "State" has the same meaning as in article 12 of the Constitution.



In this Act, unless the context otherwise requires,-

(a) "Appointed day" means the date of commencement of this Act:

(b) "Company" means the Indian Copper Corporation Limited, being a company incorporated in England and having its principal place of business, in India, at Gillander House, Netaji Subhas Road, Calcutta-1;

(c) "Hindustan Copper" means the Hindustan Copper Limited, being a Government company as defined in section 617 of the Companies Act, 1956 (1 of 1956), and having its registered office at Khetri Nagar in the State of Rajasthan;

(d) "Undertaking of the company" means the undertaking of the company in India.

Last updated on July, 2016

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